ITS market 2012 – 2017

According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by MarketsandMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.
August 21, 2012 Read time: 2 mins
According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by 6418 MarketsAndMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.

This report covers the major applications of the ITS on the basis of the different functions performed by the various ITS systems. The major applications of ITS covered are fleet management and asset monitoring, traffic monitoring, collision avoidance system, traffic signal control system, variable traffic message signs, parking availability system and traffic enforcement cameras. The report describes the overall market into four major geographical segments - North America, Europe, APAC, and ROW. All the four major regions are further segmented into the major countries.

Related Content

  • April 17, 2014
    Smart/intelligent sensors market 2013-2019
    According to a new market report published by Transparency Market Research Smart/Intelligent Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,”, the global smart/intelligent sensors market is expected to reach a value of US$21.60 billion by 2019, growing at a CAGR of 12.2 per cent from 2013 to 2019. Growing demand for automobiles and growth in the intelligent transport system (ITS) has led to the increase in demand of smart/intelligent sensors. The other f
    Read More
  • September 9, 2015
    Global commercial telematics market ‘worth US$47.58 billion by 2020’
    According to research company MarketsandMarkets, the market for commercial telematics is expected to grow from US$20.02 billion in 2015 to US$47.58 billion by 2020. In terms of regions, Europe is expected to be the largest market in terms of market size, while Middle East & Africa and Asia-Pacific (APAC) are expected to experience an increase in market traction, during the forecast period. Latin America is expected to experience a high growth rate and adoption trend in this market.
    Read More
  • June 3, 2016
    Automated fare collection market predicted to almost double by 2021
    According to a new market research report, Automated Fare Collection Market by Application (Rail and Transport, Parking), by Service Type (Consulting, System Implementation), by Technology, by Industry, by Region - Global Forecast to 2021, published by MarketsandMarkets, the global automated fare collection (AFC) market is estimated to grow from US$6.42 billion in 2016 to US$11.95 billion by 2021, at an estimated compound annual growth rate (CAGR) of 13.2 per cent. Automated fare collection applications
    Read More
  • July 18, 2017
    Commercial vehicle telematics market predicted to grow by 10 per cent by 2022
    According to a new research report on the commercial vehicle telematics market published by MarketsandMarkets the market size is expected to grow from US$7.31 billion in 2017 to US$18.43 billion by 2022, at a compound annual growth rate (CAGR) of 20.3 per cent. The major driver of the commercial vehicle telematics market is the increasing adoption for the next-generation telematics protocol (NGTP) enhancing telematics service delivery, the proliferation of telematics technology due to decreasing sensor and
    Read More

Highlighted Content